SOUTH AFRICA.
THE RAND LOAN
By Telegraph—Press AssociationCopyright,
Received 4,54 p.m., Jan. 22. LONDON, Jan. 21
Tlie thirl,y-five millions loan was a compromise between forty millions proposed by the Rand financiers and Mr Chamberlain’s suggestion of a load of thiry millions. This leaves twelve millions for new public works. In reference to the war loan a mectof representatives of the great 1 mining houses, excepting J. B. Robinson suggested a thirty million contribution.
A conference of traders, merchants, and miners of the Rand afterwards by seventy-four to four ratified the decision. ! .
(Received 12.54 a.m., January 33.) CAPETOWN, Jan. 22. Mr Chamberlain announced that the thirty million war loan was intended to relieve Great, Britain’s debt.. The Immediate relief in revenue would be slight, if any. Louis Botha, CL Vanlmlslyn, .Sirs G. Farrar and Percy Fitzpatrick will probably be nominated for the Transvaal Legislative Council, which meets in May. The sittings will he open to the public)
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Bibliographic details
Gisborne Times, Volume IX, Issue 807, 23 January 1903, Page 2
Word Count
156SOUTH AFRICA. Gisborne Times, Volume IX, Issue 807, 23 January 1903, Page 2
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